Quarterly report pursuant to sections 13 or 15(d)

Shareholders' Deficit

v2.4.0.6
Shareholders' Deficit
9 Months Ended
Mar. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders Equity Note Disclosure [Text Block]

Note 7 Shareholders’ Deficit

 

Prior to the Reverse Merger, Antria Delaware had 90,000,000 common stock authorized at a par value of $0.00001 and 10,000,000 preferred stock shares authorized at a par value of $0.01.

 

The Company issued no shares of common or preferred stock during the nine month period ended March 31, 2013 other than those shares issued as part of the Reverse Merger. The Company has not declared or paid any dividends or returned any capital to shareholders as of March 31, 2013. On July 3, 2012 the Company issued warrants to a placement agent to purchase 1,400,000 shares of common stock from the date of issuance through five years when the warrants expire. On August 15, 2012 the Company issued warrants to two placement agents to purchase up to 248,542 shares of common stock from the date of issuance through five years when the warrants expire. On February 2, 2013, the Company issued warrants to a placement agent to purchase up to 110,000 shares of common stock from the date of issuance through five years when the warrants expire.

 

Equity Incentive Plan - The Company granted 9,000,000 stock options to four officers and/or directors of the Company.